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Dow Inc. insider trading

Every open-market purchase and sale by Dow Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchases, 5 years $1.9M 6 trades by 4 insiders 3 months later: median −9.2% (−2.7% vs S&P 500) Insider sales, 5 years $0 0 trades by 0 insiders
Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Dow Inc.’s insiders pay?

From August 6, 2019 to February 11, 2025, 12 insiders reported 21 open-market purchases and 5 sales not made under a pre-set plan in Dow Inc. Twelve months after each purchase was reported, the shares were +1.4% against the S&P 500 on average (median −11.2%), over 21 purchases with a full year of prices; 43% beat the index. After sales, the shares moved −12.9% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on August 7, 2019 into $12,841 by November 2, 2026, +3.5% a year. It held shares 80% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $22,360 (+11.8% a year), and held throughout $29,167 (+16.0%).

$0$10.0k$20.0k$30.0k 20192020202120222023202420252026 $29.2k$22.4k$12.8k
Copying Dow Inc.'s insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Dow Inc.'s insiders from August 7, 2019, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 80% of the time.
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Dial Debra L. Director 6 −8.3% (6) 33% 0 — February 11, 2025
Davis Richard K Director 4 −26.0% (4) 25% 0 — December 16, 2024
Fettig Jeff M Director 3 +38.6% (3) 67% 0 — March 16, 2020
Fitterling James R Chair and CEO 3 +17.1% (3) 67% 0 — December 16, 2024
Bush Wesley G Director 2 +42.8% (2) 50% 0 — March 16, 2020
Edmonds Ronald C Controller and Vice President 0 — — 2 −4.5% (2) May 10, 2021
Banister Gaurdie E. JR. Director 1 −55.9% (1) 0% 0 — December 17, 2024
Bell James A Director 0 — — 1 −13.2% (1) December 17, 2019
Hinman Jacqueline C. Director 1 +2.9% (1) 100% 0 — March 8, 2022
Holicki Peter Senior Vice President 0 — — 1 −21.1% (1) November 19, 2020
Ungerleider Howard I President and CFO 0 — — 1 −21.1% (1) May 6, 2022
Yohannes Daniel Director 1 −16.9% (1) 0% 0 — August 12, 2019

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Dow Inc.

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Dow Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 5 buying crowds with six months of prices, it averaged +4.2% against the index. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
December 31, 20243 buying−12.0%−35.1%−52.0%
March 31, 20222 buying−2.8%−9.2%−1.3%
November 30, 20212 buying+12.6%+36.3%+6.7%
March 31, 20203 buying+21.7%+34.6%+75.2%
August 30, 20193 buying+18.8%−5.7%−9.2%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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